Pizza Hut 2014 Annual Report Download - page 175

Download and view the complete annual report

Please find page 175 of the 2014 Pizza Hut annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 176

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176

ABOUT THE PAPER USED FOR THIS REPORT
The inks used in the printing of this report contain an average of 25% - 35% vegetable oils from plant
derivatives, a renewable resource. They replace petroleum based inks as an effort to also reduce
volatile organic compounds (VOCs).
The cover and first 16 pages of this report were printed using FSC-certified paper made with 50%
recycled content including 24% post-consumer waste.
www.yum.com/annualreport
FINANCIAL HIGHLIGHTS
(In millions, except for per share amounts)
Year-end 2014 2013 % B/(W) change
Company sales $ 11,324 $ 11,184 1
Franchise and license fees and income 1,955 1,900 3
Total revenues $ 13,279 $ 13,084 1
Operating Profit $ 1,557 $ 1,798 (13)
Net Income – Yum! Brands, Inc. $ 1,051 $ 1,091 (4)
Diluted Earnings Per Common Share before Special Items (a) $ 3.09 $ 2.97 4
Special Items Earnings Per Common Share (a) (0.77) (0.61) NM
Reported Diluted Earnings Per Common Share $ 2.32 $ 2.36 (2)
Cash Flows Provided by Operating Activities $ 2,049 $ 2,139 (4)
(a) See our 2014 Form 10-K for further discussion of Special Items.